|
THE “UNAUDITED MUTUAL FUNDS HOLDINGS” LIST (“the
List”) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS
NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR
SALES LITERATURE WITH THE GENERAL PUBLIC. The list is
submitted for the general information of the shareholders of the Fund.
It is not authorized for distribution to prospective investors in the Fund
unless preceded or accompanied by a prospectus. The list has been
created from the books and records of the Fund. Holdings are
available 60 days after the fund’s fiscal quarter, using a trade date
accounting convention, by contacting the appropriate service center.
The list is subject to change without notice. The list is for
informational purposes only and is not intended as an offer or
solicitation with respect to the purchase or sale of any security.
|
|
JPMorgan Asset Management is the marketing name for the asset
management business of J.P. Morgan Chase & Co.
|
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J.P. Morgan Distribution Services, Inc., member FINRA.
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© J.P. Morgan Chase & Co., 2024.
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INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — 91.4%
|
||
|
Aerospace & Defense — 2.3%
|
||
|
Boeing Co. (The)
|
||
|
2.95%, 2/1/2030
|
290
|
246
|
|
5.15%, 5/1/2030
|
260
|
248
|
|
3.60%, 5/1/2034
|
164
|
131
|
|
6.53%, 5/1/2034 (a)
|
65
|
66
|
|
3.25%, 2/1/2035
|
669
|
505
|
|
5.81%, 5/1/2050
|
160
|
143
|
|
6.86%, 5/1/2054 (a)
|
320
|
325
|
|
3.83%, 3/1/2059
|
158
|
101
|
|
3.95%, 8/1/2059
|
653
|
410
|
|
7.01%, 5/1/2064 (a)
|
185
|
187
|
|
GE Capital Funding LLC 4.55%, 5/15/2032
|
200
|
191
|
|
L3Harris Technologies, Inc. 5.35%, 6/1/2034
|
965
|
953
|
|
Leidos, Inc.
|
||
|
4.38%, 5/15/2030
|
747
|
703
|
|
2.30%, 2/15/2031
|
442
|
362
|
|
5.75%, 3/15/2033
|
218
|
220
|
|
RTX Corp.
|
||
|
1.90%, 9/1/2031
|
269
|
214
|
|
2.38%, 3/15/2032
|
449
|
365
|
|
4.88%, 10/15/2040
|
339
|
309
|
|
6.40%, 3/15/2054
|
465
|
507
|
|
|
|
6,186
|
|
Air Freight & Logistics — 0.1%
|
||
|
FedEx Corp. 3.25%, 5/15/2041
|
177
|
129
|
|
Automobiles — 1.2%
|
||
|
Ford Motor Co. 3.25%, 2/12/2032
|
1,175
|
966
|
|
General Motors Co.
|
||
|
5.15%, 4/1/2038
|
123
|
113
|
|
5.95%, 4/1/2049
|
150
|
144
|
|
Hyundai Capital America (SOFR + 1.50%), 6.87%, 1/8/2027 (a) (b)
|
825
|
836
|
|
Nissan Motor Acceptance Co. LLC 7.05%, 9/15/2028 (a)
|
300
|
311
|
|
Volkswagen Group of America Finance LLC (Germany) 5.30%, 3/22/2027 (a)
|
806
|
805
|
|
|
|
3,175
|
|
Banks — 19.0%
|
||
|
ABN AMRO Bank NV (Netherlands)
|
||
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.65%), 6.34%, 9/18/2027 (a) (b)
|
200
|
202
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.90%), 3.32%, 3/13/2037 (a) (b)
|
200
|
164
|
|
AIB Group plc (Ireland) (SOFR + 1.91%), 5.87%, 3/28/2035 (a) (b)
|
200
|
199
|
|
Banco Bilbao Vizcaya Argentaria SA (Spain) (US Treasury Yield Curve Rate T Note Constant
Maturity 5 Year + 5.10%), 9.38%,
3/19/2029 (b) (c) (d) (e)
|
400
|
427
|
|
Banco Santander SA (Spain)
|
||
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.31%), 9.63%, 11/21/2028 (b) (c) (d) (e)
|
600
|
641
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.30%), 9.63%, 5/21/2033 (b) (c) (d) (e)
|
200
|
219
|
|
6.94%, 11/7/2033
|
400
|
435
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Banks — continued
|
||
|
Bank of America Corp.
|
||
|
(SOFR + 1.63%), 5.20%, 4/25/2029 (b)
|
747
|
743
|
|
(SOFR + 1.57%), 5.82%, 9/15/2029 (b)
|
1,120
|
1,139
|
|
(3-MONTH CME TERM SOFR + 1.47%), 3.97%, 2/7/2030 (b)
|
1,307
|
1,232
|
|
(3-MONTH CME TERM SOFR + 1.45%), 2.88%, 10/22/2030 (b)
|
795
|
703
|
|
(SOFR + 1.32%), 2.69%, 4/22/2032 (b)
|
452
|
380
|
|
(SOFR + 1.22%), 2.30%, 7/21/2032 (b)
|
911
|
741
|
|
(SOFR + 1.91%), 5.29%, 4/25/2034 (b)
|
575
|
566
|
|
(SOFR + 1.84%), 5.87%, 9/15/2034 (b)
|
940
|
961
|
|
(SOFR + 1.65%), 5.47%, 1/23/2035 (b)
|
1,160
|
1,152
|
|
(SOFR + 1.93%), 2.68%, 6/19/2041 (b)
|
403
|
281
|
|
Bank of Ireland Group plc (Ireland)
|
||
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.65%), 6.25%, 9/16/2026 (a) (b)
|
335
|
336
|
|
(SOFR + 1.62%), 5.60%, 3/20/2030 (a) (b)
|
490
|
484
|
|
Bank of Nova Scotia (The) (Canada)
|
||
|
5.45%, 8/1/2029
|
582
|
584
|
|
Series 2, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.61%),
3.63%, 10/27/2081 (b) (c)
|
208
|
170
|
|
Banque Federative du Credit Mutuel SA (France) 5.79%, 7/13/2028 (a)
|
440
|
448
|
|
Barclays plc (United Kingdom)
|
||
|
(SOFR + 2.21%), 5.83%, 5/9/2027 (b)
|
510
|
510
|
|
(SOFR + 2.22%), 6.49%, 9/13/2029 (b)
|
500
|
517
|
|
BNP Paribas SA (France)
|
||
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.50%), 5.34%, 6/12/2029 (a) (b)
|
405
|
404
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.90%), 7.75%, 8/16/2029 (a) (b) (c) (d) (e)
|
458
|
469
|
|
(SOFR + 1.59%), 5.50%, 5/20/2030 (a) (b)
|
170
|
169
|
|
BPCE SA (France)
|
||
|
(SOFR + 1.52%), 1.65%, 10/6/2026 (a) (b)
|
818
|
773
|
|
(SOFR + 2.27%), 6.71%, 10/19/2029 (a) (b)
|
710
|
738
|
|
(SOFR + 1.73%), 3.12%, 10/19/2032 (a) (b)
|
670
|
551
|
|
(SOFR + 2.59%), 7.00%, 10/19/2034 (a) (b)
|
660
|
711
|
|
(SOFR + 1.85%), 5.94%, 5/30/2035 (a) (b)
|
250
|
250
|
|
CaixaBank SA (Spain)
|
||
|
(SOFR + 2.08%), 6.68%, 9/13/2027 (a) (b)
|
510
|
519
|
|
(SOFR + 2.77%), 6.84%, 9/13/2034 (a) (b)
|
705
|
748
|
|
(SOFR + 2.26%), 6.04%, 6/15/2035 (a) (b)
|
200
|
201
|
|
Citibank NA 5.80%, 9/29/2028
|
495
|
508
|
|
Citigroup, Inc.
|
||
|
Series W, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.60%),
4.00%, 12/10/2025 (b) (d) (e)
|
809
|
773
|
|
(3-MONTH CME TERM SOFR + 1.65%), 3.67%, 7/24/2028 (b)
|
189
|
180
|
|
(3-MONTH CME TERM SOFR + 1.45%), 4.08%, 4/23/2029 (b)
|
179
|
171
|
|
Series CC, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.69%),
7.13%, 8/15/2029 (b) (d) (e)
|
335
|
334
|
|
(3-MONTH CME TERM SOFR + 1.60%), 3.98%, 3/20/2030 (b)
|
930
|
875
|
|
(SOFR + 1.42%), 2.98%, 11/5/2030 (b)
|
471
|
417
|
|
(SOFR + 1.17%), 2.56%, 5/1/2032 (b)
|
272
|
226
|
|
(SOFR + 1.18%), 2.52%, 11/3/2032 (b)
|
756
|
620
|
|
(SOFR + 2.66%), 6.17%, 5/25/2034 (b)
|
315
|
320
|
|
(SOFR + 2.06%), 5.83%, 2/13/2035 (b)
|
1,345
|
1,331
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Banks — continued
|
||
|
Commonwealth Bank of Australia (Australia) 3.78%, 3/14/2032 (a) (c)
|
395
|
345
|
|
Cooperatieve Rabobank UA (Netherlands) 3.75%, 7/21/2026
|
378
|
363
|
|
Credit Agricole SA (France)
|
||
|
(SOFR + 1.86%), 6.32%, 10/3/2029 (a) (b)
|
310
|
320
|
|
(SOFR + 2.67%), 6.25%, 1/10/2035 (a) (b)
|
360
|
364
|
|
Danske Bank A/S (Denmark)
|
||
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.35%), 1.62%, 9/11/2026 (a) (b)
|
413
|
391
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.75%), 4.30%, 4/1/2028 (a) (b)
|
460
|
444
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.40%), 5.71%, 3/1/2030 (a) (b)
|
215
|
215
|
|
Fifth Third Bancorp
|
||
|
(SOFR + 1.84%), 5.63%, 1/29/2032 (b)
|
120
|
119
|
|
(SOFR + 1.66%), 4.34%, 4/25/2033 (b)
|
177
|
161
|
|
HSBC Holdings plc (United Kingdom)
|
||
|
(3-MONTH CME TERM SOFR + 1.61%), 4.29%, 9/12/2026 (b)
|
544
|
534
|
|
(SOFR + 1.57%), 5.89%, 8/14/2027 (b)
|
665
|
669
|
|
(SOFR + 1.06%), 5.60%, 5/17/2028 (b)
|
480
|
481
|
|
(SOFR + 3.35%), 7.39%, 11/3/2028 (b)
|
455
|
481
|
|
(SOFR + 1.29%), 2.21%, 8/17/2029 (b)
|
490
|
429
|
|
(SOFR + 1.52%), 5.73%, 5/17/2032 (b)
|
720
|
722
|
|
Huntington Bancshares, Inc.
|
||
|
(SOFR + 2.02%), 6.21%, 8/21/2029 (b)
|
306
|
312
|
|
(SOFRINDX + 1.87%), 5.71%, 2/2/2035 (b)
|
15
|
15
|
|
Intesa Sanpaolo SpA (Italy)
|
||
|
6.63%, 6/20/2033 (a)
|
998
|
1,032
|
|
7.20%, 11/28/2033 (a)
|
650
|
699
|
|
KeyBank NA 3.90%, 4/13/2029
|
600
|
538
|
|
KeyCorp
|
||
|
(SOFRINDX + 2.06%), 4.79%, 6/1/2033 (b)
|
225
|
205
|
|
(SOFRINDX + 2.42%), 6.40%, 3/6/2035 (b)
|
276
|
278
|
|
Morgan Stanley Bank NA (SOFR + 0.87%), 5.50%, 5/26/2028 (b)
|
2,405
|
2,416
|
|
NatWest Group plc (United Kingdom)
|
||
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.63%), 6.00%, 12/29/2025 (b) (c) (d) (e)
|
295
|
288
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.75%), 8.13%, 11/10/2033 (b) (c) (d) (e)
|
200
|
203
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.50%), 5.78%, 3/1/2035 (b)
|
467
|
467
|
|
NatWest Markets plc (United Kingdom)
|
||
|
5.42%, 5/17/2027 (a)
|
400
|
400
|
|
5.41%, 5/17/2029 (a)
|
500
|
498
|
|
Nordea Bank Abp (Finland) (USD Swap Semi 5 Year + 1.69%), 4.63%, 9/13/2033 (a) (b)
|
768
|
725
|
|
PNC Financial Services Group, Inc. (The)
|
||
|
Series T, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.60%),
3.40%, 9/15/2026 (b) (d) (e)
|
300
|
267
|
|
(SOFR + 2.28%), 6.88%, 10/20/2034 (b)
|
298
|
323
|
|
(SOFR + 1.90%), 5.68%, 1/22/2035 (b)
|
270
|
270
|
|
Santander UK Group Holdings plc (United Kingdom) (SOFR + 2.75%), 6.83%, 11/21/2026 (b)
|
570
|
578
|
|
Societe Generale SA (France)
|
||
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.10%), 1.49%, 12/14/2026 (a) (b)
|
515
|
481
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.30%), 6.45%, 1/12/2027 (a) (b)
|
550
|
554
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.30%), 2.80%, 1/19/2028 (a) (b)
|
663
|
613
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Banks — continued
|
||
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.10%), 6.07%, 1/19/2035 (a) (b)
|
230
|
230
|
|
Standard Chartered plc (United Kingdom) (US Treasury Yield Curve Rate T Note Constant
Maturity 1 Year + 2.20%), 7.02%,
2/8/2030 (a) (b)
|
1,035
|
1,089
|
|
Svenska Handelsbanken AB (Sweden) 5.50%, 6/15/2028 (a)
|
465
|
466
|
|
Truist Financial Corp.
|
||
|
(SOFR + 1.85%), 5.12%, 1/26/2034 (b)
|
828
|
789
|
|
(SOFR + 1.92%), 5.71%, 1/24/2035 (b)
|
90
|
89
|
|
UBS AG (Switzerland) 5.00%, 7/9/2027
|
600
|
593
|
|
UniCredit SpA (Italy)
|
||
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.20%), 1.98%, 6/3/2027 (a) (b)
|
568
|
528
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.55%), 3.13%, 6/3/2032 (a) (b)
|
515
|
435
|
|
US Bancorp
|
||
|
(SOFR + 2.26%), 5.84%, 6/12/2034 (b)
|
341
|
344
|
|
(SOFR + 1.86%), 5.68%, 1/23/2035 (b)
|
210
|
210
|
|
Wells Fargo & Co.
|
||
|
Series BB, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.45%),
3.90%, 3/15/2026 (b) (d) (e)
|
245
|
232
|
|
(SOFR + 1.51%), 3.53%, 3/24/2028 (b)
|
289
|
275
|
|
(SOFR + 1.07%), 5.71%, 4/22/2028 (b)
|
1,040
|
1,047
|
|
(3-MONTH CME TERM SOFR + 1.57%), 3.58%, 5/22/2028 (b)
|
409
|
389
|
|
(SOFR + 1.98%), 4.81%, 7/25/2028 (b)
|
1,114
|
1,094
|
|
(SOFR + 1.74%), 5.57%, 7/25/2029 (b)
|
185
|
186
|
|
(SOFR + 2.02%), 5.39%, 4/24/2034 (b)
|
407
|
401
|
|
(SOFR + 1.99%), 5.56%, 7/25/2034 (b)
|
1,830
|
1,822
|
|
|
|
51,941
|
|
Beverages — 0.9%
|
||
|
Anheuser-Busch Cos. LLC (Belgium) 4.70%, 2/1/2036
|
153
|
145
|
|
Anheuser-Busch InBev Finance, Inc. (Belgium) 4.70%, 2/1/2036
|
444
|
419
|
|
Anheuser-Busch InBev Worldwide, Inc. (Belgium)
|
||
|
4.38%, 4/15/2038
|
255
|
230
|
|
4.35%, 6/1/2040
|
239
|
210
|
|
Coca-Cola Co. (The)
|
||
|
2.50%, 6/1/2040
|
121
|
85
|
|
5.30%, 5/13/2054
|
210
|
207
|
|
Constellation Brands, Inc. 3.15%, 8/1/2029
|
297
|
268
|
|
Keurig Dr Pepper, Inc. 5.30%, 3/15/2034
|
410
|
407
|
|
Pepsico Singapore Financing I Pte. Ltd. 4.70%, 2/16/2034
|
225
|
218
|
|
Pernod Ricard International Finance LLC 1.63%, 4/1/2031 (a)
|
397
|
315
|
|
|
|
2,504
|
|
Biotechnology — 2.4%
|
||
|
AbbVie, Inc.
|
||
|
4.80%, 3/15/2029
|
380
|
376
|
|
5.05%, 3/15/2034
|
250
|
247
|
|
4.50%, 5/14/2035
|
369
|
346
|
|
4.63%, 10/1/2042
|
375
|
338
|
|
4.40%, 11/6/2042
|
262
|
230
|
|
5.35%, 3/15/2044
|
180
|
177
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Biotechnology — continued
|
||
|
4.25%, 11/21/2049
|
374
|
311
|
|
5.40%, 3/15/2054
|
310
|
306
|
|
5.50%, 3/15/2064
|
80
|
79
|
|
Amgen, Inc.
|
||
|
2.45%, 2/21/2030
|
441
|
382
|
|
4.66%, 6/15/2051
|
190
|
162
|
|
4.20%, 2/22/2052
|
458
|
364
|
|
4.88%, 3/1/2053
|
155
|
137
|
|
5.65%, 3/2/2053
|
373
|
368
|
|
Biogen, Inc. 2.25%, 5/1/2030
|
1,535
|
1,292
|
|
Gilead Sciences, Inc.
|
||
|
5.25%, 10/15/2033
|
590
|
590
|
|
4.60%, 9/1/2035
|
287
|
269
|
|
2.60%, 10/1/2040
|
246
|
169
|
|
5.65%, 12/1/2041
|
130
|
131
|
|
5.55%, 10/15/2053
|
300
|
298
|
|
|
|
6,572
|
|
Broadline Retail — 0.3%
|
||
|
Amazon.com, Inc.
|
||
|
3.88%, 8/22/2037
|
352
|
309
|
|
2.50%, 6/3/2050
|
282
|
171
|
|
3.10%, 5/12/2051
|
104
|
71
|
|
3.95%, 4/13/2052
|
120
|
96
|
|
2.70%, 6/3/2060
|
184
|
108
|
|
|
|
755
|
|
Capital Markets — 6.1%
|
||
|
Deutsche Bank AG (Germany)
|
||
|
(SOFR + 1.87%), 2.13%, 11/24/2026 (b)
|
300
|
284
|
|
(SOFR + 2.51%), 6.82%, 11/20/2029 (b)
|
820
|
851
|
|
Goldman Sachs Group, Inc. (The)
|
||
|
(SOFR + 0.80%), 1.43%, 3/9/2027 (b)
|
168
|
156
|
|
(SOFR + 0.91%), 1.95%, 10/21/2027 (b)
|
234
|
215
|
|
(SOFR + 1.85%), 3.62%, 3/15/2028 (b)
|
769
|
733
|
|
Series X, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.81%),
7.50%, 5/10/2029 (b) (d) (e)
|
715
|
735
|
|
(SOFR + 1.77%), 6.48%, 10/24/2029 (b)
|
2,485
|
2,586
|
|
(SOFR + 1.41%), 3.10%, 2/24/2033 (b)
|
700
|
594
|
|
(SOFR + 1.55%), 5.85%, 4/25/2035 (b)
|
665
|
679
|
|
(3-MONTH CME TERM SOFR + 1.63%), 4.02%, 10/31/2038 (b)
|
640
|
543
|
|
Intercontinental Exchange, Inc. 4.00%, 9/15/2027
|
349
|
336
|
|
Macquarie Group Ltd. (Australia) (SOFR + 1.00%), 1.94%, 4/14/2028 (a) (b)
|
271
|
244
|
|
Mellon Capital IV Series 1, (3-MONTH CME TERM SOFR + 0.83%), 6.16%, 7/8/2024 (b) (d) (e)
|
143
|
124
|
|
Morgan Stanley
|
||
|
(SOFR + 0.86%), 1.51%, 7/20/2027 (b)
|
454
|
418
|
|
(3-MONTH CME TERM SOFR + 1.40%), 3.77%, 1/24/2029 (b)
|
240
|
228
|
|
(SOFR + 1.59%), 5.16%, 4/20/2029 (b)
|
124
|
123
|
|
(SOFR + 1.45%), 5.17%, 1/16/2030 (b)
|
380
|
377
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Capital Markets — continued
|
||
|
(SOFR + 1.26%), 5.66%, 4/18/2030 (b)
|
620
|
628
|
|
(SOFR + 1.20%), 2.51%, 10/20/2032 (b)
|
463
|
380
|
|
(SOFR + 1.88%), 5.42%, 7/21/2034 (b)
|
335
|
332
|
|
(SOFR + 1.58%), 5.83%, 4/19/2035 (b)
|
660
|
673
|
|
(SOFR + 1.36%), 2.48%, 9/16/2036 (b)
|
1,396
|
1,101
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.43%), 5.95%, 1/19/2038 (b)
|
662
|
657
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.80%), 5.94%, 2/7/2039 (b)
|
445
|
441
|
|
S&P Global, Inc. 2.30%, 8/15/2060
|
88
|
45
|
|
State Street Corp. Series I, (US Treasury Yield Curve Rate T Note Constant Maturity
5 Year + 2.61%), 6.70%, 3/15/2029 (b) (d)
(e)
|
288
|
291
|
|
UBS AG (Switzerland) 7.50%, 2/15/2028
|
940
|
1,004
|
|
UBS Group AG (Switzerland)
|
||
|
(SOFR + 2.04%), 2.19%, 6/5/2026 (a) (b)
|
750
|
723
|
|
(SOFRINDX + 0.98%), 1.31%, 2/2/2027 (a) (b)
|
500
|
464
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.75%), 9.25%, 11/13/2028 (a) (b) (c) (d) (e)
|
200
|
214
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.76%), 9.25%, 11/13/2033 (a) (b) (c) (d) (e)
|
200
|
223
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.77%), 5.70%, 2/8/2035 (a) (b)
|
345
|
345
|
|
|
|
16,747
|
|
Chemicals — 1.1%
|
||
|
Air Products and Chemicals, Inc. 4.85%, 2/8/2034
|
770
|
750
|
|
Braskem Netherlands Finance BV (Brazil) 7.25%, 2/13/2033 (a)
|
450
|
420
|
|
Celanese US Holdings LLC 6.35%, 11/15/2028
|
205
|
211
|
|
CF Industries, Inc. 4.95%, 6/1/2043
|
398
|
350
|
|
Dow Chemical Co. (The) 4.38%, 11/15/2042
|
735
|
615
|
|
Eastman Chemical Co. 5.75%, 3/8/2033
|
295
|
297
|
|
LYB International Finance III LLC 3.63%, 4/1/2051
|
396
|
274
|
|
Westlake Corp. 3.13%, 8/15/2051
|
98
|
62
|
|
|
|
2,979
|
|
Commercial Services & Supplies — 0.3%
|
||
|
Veralto Corp.
|
||
|
5.35%, 9/18/2028 (a)
|
370
|
371
|
|
5.45%, 9/18/2033 (a)
|
400
|
396
|
|
|
|
767
|
|
Consumer Finance — 2.7%
|
||
|
AerCap Ireland Capital DAC (Ireland)
|
||
|
2.45%, 10/29/2026
|
372
|
346
|
|
6.10%, 1/15/2027
|
490
|
497
|
|
3.00%, 10/29/2028
|
905
|
818
|
|
Avolon Holdings Funding Ltd. (Ireland)
|
||
|
2.13%, 2/21/2026 (a)
|
129
|
121
|
|
4.25%, 4/15/2026 (a)
|
672
|
651
|
|
4.38%, 5/1/2026 (a)
|
1,065
|
1,034
|
|
3.25%, 2/15/2027 (a)
|
103
|
96
|
|
2.75%, 2/21/2028 (a)
|
742
|
663
|
|
6.38%, 5/4/2028 (a)
|
405
|
411
|
|
5.75%, 11/15/2029 (a)
|
800
|
793
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Consumer Finance — continued
|
||
|
Ford Motor Credit Co. LLC
|
||
|
5.85%, 5/17/2027
|
255
|
255
|
|
4.95%, 5/28/2027
|
345
|
336
|
|
7.35%, 3/6/2030
|
585
|
616
|
|
General Motors Financial Co., Inc.
|
||
|
5.75%, 2/8/2031
|
270
|
270
|
|
6.40%, 1/9/2033
|
190
|
197
|
|
6.10%, 1/7/2034
|
120
|
121
|
|
5.95%, 4/4/2034
|
225
|
224
|
|
|
|
7,449
|
|
Consumer Staples Distribution & Retail — 0.4%
|
||
|
7-Eleven, Inc. 2.80%, 2/10/2051 (a)
|
319
|
191
|
|
Albertsons Cos., Inc.
|
||
|
5.88%, 2/15/2028 (a)
|
398
|
391
|
|
4.88%, 2/15/2030 (a)
|
315
|
295
|
|
Kroger Co. (The) 5.40%, 7/15/2040
|
280
|
271
|
|
|
|
1,148
|
|
Containers & Packaging — 0.7%
|
||
|
Berry Global, Inc.
|
||
|
5.80%, 6/15/2031 (a)
|
740
|
737
|
|
5.65%, 1/15/2034 (a)
|
930
|
908
|
|
Smurfit Kappa Treasury ULC (Ireland) 5.44%, 4/3/2034 (a)
|
310
|
304
|
|
|
|
1,949
|
|
Diversified Consumer Services — 0.1%
|
||
|
Pepperdine University Series 2020, 3.30%, 12/1/2059
|
42
|
28
|
|
Trustees of Boston University Series Ee, 3.17%, 10/1/2050
|
294
|
203
|
|
University of Chicago (The) Series 20B, 2.76%, 4/1/2045
|
142
|
107
|
|
|
|
338
|
|
Diversified REITs — 0.6%
|
||
|
Equinix Europe 2 Financing Corp. LLC 5.50%, 6/15/2034
|
565
|
559
|
|
WP Carey, Inc.
|
||
|
3.85%, 7/15/2029
|
435
|
402
|
|
2.40%, 2/1/2031
|
676
|
562
|
|
2.45%, 2/1/2032
|
69
|
55
|
|
|
|
1,578
|
|
Diversified Telecommunication Services — 1.9%
|
||
|
AT&T, Inc.
|
||
|
2.55%, 12/1/2033
|
933
|
736
|
|
5.40%, 2/15/2034
|
71
|
71
|
|
3.50%, 6/1/2041
|
573
|
437
|
|
3.50%, 9/15/2053
|
200
|
135
|
|
3.55%, 9/15/2055
|
896
|
602
|
|
3.80%, 12/1/2057
|
631
|
439
|
|
Verizon Communications, Inc.
|
||
|
1.68%, 10/30/2030
|
1,350
|
1,089
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Diversified Telecommunication Services — continued
|
||
|
1.75%, 1/20/2031
|
1,906
|
1,531
|
|
2.99%, 10/30/2056
|
135
|
82
|
|
|
|
5,122
|
|
Electric Utilities — 8.4%
|
||
|
AEP Transmission Co. LLC Series N, 2.75%, 8/15/2051
|
131
|
79
|
|
Alliant Energy Finance LLC 5.95%, 3/30/2029 (a)
|
590
|
603
|
|
Baltimore Gas and Electric Co.
|
||
|
3.20%, 9/15/2049
|
132
|
88
|
|
2.90%, 6/15/2050
|
210
|
131
|
|
Commonwealth Edison Co. 3.70%, 3/1/2045
|
142
|
109
|
|
Duke Energy Carolinas LLC
|
||
|
4.25%, 12/15/2041
|
230
|
193
|
|
4.00%, 9/30/2042
|
336
|
271
|
|
Duke Energy Corp. 4.85%, 1/5/2029
|
370
|
363
|
|
Duke Energy Indiana LLC
|
||
|
5.25%, 3/1/2034
|
610
|
608
|
|
3.75%, 5/15/2046
|
153
|
116
|
|
2.75%, 4/1/2050
|
134
|
81
|
|
5.40%, 4/1/2053
|
47
|
45
|
|
Duke Energy Ohio, Inc.
|
||
|
5.25%, 4/1/2033
|
66
|
65
|
|
5.55%, 3/15/2054
|
209
|
202
|
|
Duke Energy Progress LLC
|
||
|
5.25%, 3/15/2033
|
148
|
147
|
|
2.90%, 8/15/2051
|
128
|
80
|
|
Duquesne Light Holdings, Inc. 3.62%, 8/1/2027 (a)
|
122
|
114
|
|
Edison International Series B, (US Treasury Yield Curve Rate T Note Constant Maturity
5 Year + 3.90%), 5.00%,
12/15/2026 (b) (d) (e)
|
450
|
428
|
|
Electricite de France SA (France) 6.90%, 5/23/2053 (a)
|
250
|
268
|
|
Emera US Finance LP (Canada)
|
||
|
3.55%, 6/15/2026
|
220
|
210
|
|
2.64%, 6/15/2031
|
174
|
142
|
|
4.75%, 6/15/2046
|
182
|
147
|
|
Enel Finance International NV (Italy)
|
||
|
2.25%, 7/12/2031 (a) (f)
|
420
|
342
|
|
5.50%, 6/15/2052 (a)
|
200
|
182
|
|
Entergy Arkansas LLC
|
||
|
4.95%, 12/15/2044
|
106
|
92
|
|
5.75%, 6/1/2054
|
150
|
149
|
|
Entergy Corp. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.67%),
7.13%, 12/1/2054 (b)
|
410
|
408
|
|
Entergy Louisiana LLC
|
||
|
4.95%, 1/15/2045
|
302
|
267
|
|
5.70%, 3/15/2054
|
260
|
256
|
|
Entergy Mississippi LLC 3.50%, 6/1/2051
|
56
|
39
|
|
Evergy Missouri West, Inc. 5.65%, 6/1/2034 (a)
|
405
|
405
|
|
Evergy, Inc. 2.90%, 9/15/2029
|
57
|
51
|
|
Fells Point Funding Trust 3.05%, 1/31/2027 (a)
|
1,317
|
1,235
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Electric Utilities — continued
|
||
|
FirstEnergy Corp. 2.65%, 3/1/2030
|
443
|
381
|
|
FirstEnergy Pennsylvania Electric Co. 5.15%, 3/30/2026 (a)
|
417
|
412
|
|
FirstEnergy Transmission LLC
|
||
|
2.87%, 9/15/2028 (a)
|
565
|
512
|
|
5.45%, 7/15/2044 (a)
|
98
|
92
|
|
4.55%, 4/1/2049 (a)
|
742
|
607
|
|
ITC Holdings Corp.
|
||
|
2.95%, 5/14/2030 (a)
|
740
|
647
|
|
5.40%, 6/1/2033 (a)
|
576
|
567
|
|
5.65%, 5/9/2034 (a)
|
235
|
234
|
|
Jersey Central Power & Light Co. 4.30%, 1/15/2026 (a)
|
194
|
190
|
|
Louisville Gas and Electric Co. 4.65%, 11/15/2043
|
41
|
35
|
|
Massachusetts Electric Co. 1.73%, 11/24/2030 (a)
|
350
|
276
|
|
Mid-Atlantic Interstate Transmission LLC 4.10%, 5/15/2028 (a)
|
44
|
42
|
|
Monongahela Power Co.
|
||
|
3.55%, 5/15/2027 (a)
|
335
|
319
|
|
5.85%, 2/15/2034 (a)
|
680
|
689
|
|
NextEra Energy Capital Holdings, Inc. 4.90%, 3/15/2029
|
546
|
538
|
|
Niagara Mohawk Power Corp. 4.28%, 12/15/2028 (a)
|
184
|
174
|
|
NRG Energy, Inc.
|
||
|
4.45%, 6/15/2029 (a)
|
576
|
542
|
|
7.00%, 3/15/2033 (a)
|
288
|
304
|
|
Ohio Power Co. Series R, 2.90%, 10/1/2051
|
230
|
142
|
|
Pacific Gas and Electric Co.
|
||
|
5.55%, 5/15/2029
|
371
|
371
|
|
4.55%, 7/1/2030
|
416
|
392
|
|
4.40%, 3/1/2032
|
420
|
383
|
|
6.15%, 1/15/2033
|
178
|
182
|
|
6.40%, 6/15/2033
|
26
|
27
|
|
6.95%, 3/15/2034
|
645
|
695
|
|
5.80%, 5/15/2034
|
360
|
359
|
|
4.50%, 7/1/2040
|
173
|
143
|
|
4.60%, 6/15/2043
|
175
|
142
|
|
4.25%, 3/15/2046
|
164
|
124
|
|
3.95%, 12/1/2047
|
159
|
115
|
|
PacifiCorp 2.90%, 6/15/2052
|
242
|
141
|
|
Palomino Funding Trust I 7.23%, 5/17/2028 (a)
|
250
|
261
|
|
PECO Energy Co. 2.80%, 6/15/2050
|
210
|
132
|
|
Public Service Co. of Colorado
|
||
|
2.70%, 1/15/2051
|
131
|
76
|
|
Series 39, 4.50%, 6/1/2052
|
113
|
92
|
|
Public Service Electric and Gas Co. 2.05%, 8/1/2050
|
134
|
72
|
|
RWE Finance US LLC (Germany) 5.88%, 4/16/2034 (a)
|
160
|
160
|
|
Southern California Edison Co.
|
||
|
Series B, 3.65%, 3/1/2028
|
154
|
145
|
|
5.20%, 6/1/2034
|
695
|
677
|
|
Series 08-A, 5.95%, 2/1/2038
|
180
|
182
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Electric Utilities — continued
|
||
|
Series 13-A, 3.90%, 3/15/2043
|
242
|
188
|
|
Series C, 3.60%, 2/1/2045
|
54
|
40
|
|
5.70%, 3/1/2053
|
63
|
62
|
|
5.88%, 12/1/2053
|
319
|
319
|
|
Southwestern Electric Power Co. Series J, 3.90%, 4/1/2045
|
56
|
41
|
|
Tucson Electric Power Co. 1.50%, 8/1/2030
|
154
|
124
|
|
Union Electric Co.
|
||
|
5.20%, 4/1/2034
|
460
|
453
|
|
5.45%, 3/15/2053
|
142
|
137
|
|
5.25%, 1/15/2054
|
205
|
191
|
|
Virginia Electric and Power Co.
|
||
|
2.45%, 12/15/2050
|
498
|
281
|
|
5.70%, 8/15/2053
|
180
|
180
|
|
Vistra Operations Co. LLC
|
||
|
3.70%, 1/30/2027 (a)
|
314
|
298
|
|
4.30%, 7/15/2029 (a)
|
268
|
251
|
|
6.95%, 10/15/2033 (a)
|
450
|
479
|
|
6.00%, 4/15/2034 (a)
|
392
|
393
|
|
|
|
22,927
|
|
Electrical Equipment — 0.2%
|
||
|
Regal Rexnord Corp.
|
||
|
6.05%, 4/15/2028
|
380
|
386
|
|
6.40%, 4/15/2033
|
153
|
157
|
|
|
|
543
|
|
Electronic Equipment, Instruments & Components — 0.2%
|
||
|
Amphenol Corp.
|
||
|
5.05%, 4/5/2029
|
240
|
239
|
|
5.25%, 4/5/2034
|
420
|
419
|
|
|
|
658
|
|
Entertainment — 1.4%
|
||
|
Electronic Arts, Inc.
|
||
|
1.85%, 2/15/2031
|
297
|
240
|
|
2.95%, 2/15/2051
|
246
|
158
|
|
Netflix, Inc. 3.88%, 11/15/2029 (g)
|
500
|
545
|
|
Walt Disney Co. (The) 3.50%, 5/13/2040
|
137
|
109
|
|
Warnermedia Holdings, Inc.
|
||
|
4.05%, 3/15/2029
|
1,236
|
1,138
|
|
4.28%, 3/15/2032
|
748
|
655
|
|
5.05%, 3/15/2042
|
858
|
709
|
|
5.14%, 3/15/2052
|
43
|
34
|
|
WMG Acquisition Corp. 3.88%, 7/15/2030 (a)
|
314
|
277
|
|
|
|
3,865
|
|
Financial Services — 1.0%
|
||
|
Global Payments, Inc. 3.20%, 8/15/2029
|
933
|
832
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Financial Services — continued
|
||
|
Nationwide Building Society (United Kingdom) (SOFR + 1.91%), 6.56%, 10/18/2027 (a) (b)
|
765
|
780
|
|
Thames Water Utilities Finance plc (United Kingdom) 4.38%, 1/18/2031 (g)
|
1,300
|
1,196
|
|
|
|
2,808
|
|
Food Products — 1.1%
|
||
|
Bimbo Bakeries USA, Inc. (Mexico)
|
||
|
6.05%, 1/15/2029 (a)
|
232
|
237
|
|
5.38%, 1/9/2036 (a)
|
700
|
678
|
|
4.00%, 5/17/2051 (a)
|
200
|
149
|
|
JBS USA Holding Lux SARL
|
||
|
5.50%, 1/15/2030
|
390
|
381
|
|
3.63%, 1/15/2032
|
90
|
77
|
|
3.00%, 5/15/2032
|
305
|
248
|
|
6.75%, 3/15/2034 (a)
|
294
|
309
|
|
7.25%, 11/15/2053 (a)
|
436
|
477
|
|
Smithfield Foods, Inc. 3.00%, 10/15/2030 (a)
|
646
|
546
|
|
|
|
3,102
|
|
Ground Transportation — 1.0%
|
||
|
Burlington Northern Santa Fe LLC
|
||
|
4.15%, 4/1/2045
|
215
|
178
|
|
3.90%, 8/1/2046
|
66
|
52
|
|
3.05%, 2/15/2051
|
115
|
76
|
|
5.20%, 4/15/2054
|
230
|
219
|
|
Canadian Pacific Railway Co. (Canada)
|
||
|
2.05%, 3/5/2030
|
355
|
300
|
|
4.95%, 8/15/2045
|
103
|
93
|
|
4.70%, 5/1/2048
|
341
|
293
|
|
3.50%, 5/1/2050
|
220
|
158
|
|
CSX Corp. 2.50%, 5/15/2051
|
489
|
288
|
|
Norfolk Southern Corp.
|
||
|
3.95%, 10/1/2042
|
62
|
50
|
|
3.05%, 5/15/2050
|
231
|
150
|
|
2.90%, 8/25/2051
|
320
|
199
|
|
5.95%, 3/15/2064
|
180
|
184
|
|
SMBC Aviation Capital Finance DAC (Ireland) 5.55%, 4/3/2034 (a)
|
355
|
347
|
|
Union Pacific Corp. 3.55%, 8/15/2039
|
154
|
125
|
|
|
|
2,712
|
|
Health Care Equipment & Supplies — 1.2%
|
||
|
Baxter International, Inc. 2.54%, 2/1/2032
|
1,926
|
1,564
|
|
Solventum Corp.
|
||
|
5.40%, 3/1/2029 (a)
|
1,320
|
1,312
|
|
5.45%, 3/13/2031 (a)
|
500
|
493
|
|
|
|
3,369
|
|
Health Care Providers & Services — 3.9%
|
||
|
Aetna, Inc.
|
||
|
6.75%, 12/15/2037
|
470
|
509
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Health Care Providers & Services — continued
|
||
|
4.13%, 11/15/2042
|
121
|
96
|
|
4.75%, 3/15/2044
|
131
|
112
|
|
3.88%, 8/15/2047
|
394
|
289
|
|
Cardinal Health, Inc. 5.45%, 2/15/2034
|
280
|
278
|
|
Cencora, Inc.
|
||
|
2.80%, 5/15/2030
|
65
|
57
|
|
2.70%, 3/15/2031
|
533
|
452
|
|
5.13%, 2/15/2034
|
405
|
396
|
|
4.25%, 3/1/2045
|
185
|
156
|
|
Cottage Health Obligated Group Series 2020, 3.30%, 11/1/2049
|
13
|
9
|
|
CVS Health Corp.
|
||
|
3.25%, 8/15/2029
|
5
|
5
|
|
1.75%, 8/21/2030
|
65
|
52
|
|
5.30%, 6/1/2033
|
400
|
389
|
|
5.70%, 6/1/2034
|
790
|
786
|
|
4.78%, 3/25/2038
|
479
|
426
|
|
4.13%, 4/1/2040
|
165
|
133
|
|
2.70%, 8/21/2040
|
931
|
617
|
|
5.88%, 6/1/2053
|
352
|
337
|
|
Elevance Health, Inc.
|
||
|
4.63%, 5/15/2042
|
263
|
232
|
|
4.65%, 1/15/2043
|
398
|
352
|
|
HCA, Inc.
|
||
|
4.50%, 2/15/2027
|
466
|
455
|
|
5.20%, 6/1/2028
|
403
|
400
|
|
5.63%, 9/1/2028
|
1,040
|
1,046
|
|
5.88%, 2/1/2029
|
403
|
409
|
|
4.13%, 6/15/2029
|
266
|
251
|
|
2.38%, 7/15/2031
|
75
|
61
|
|
5.50%, 6/15/2047
|
2
|
2
|
|
5.25%, 6/15/2049
|
120
|
106
|
|
4.63%, 3/15/2052
|
266
|
214
|
|
5.90%, 6/1/2053
|
220
|
213
|
|
Iowa Health System Series 2020, 3.67%, 2/15/2050
|
227
|
169
|
|
New York and Presbyterian Hospital (The) 2.26%, 8/1/2040
|
293
|
195
|
|
OhioHealth Corp. 2.30%, 11/15/2031
|
240
|
199
|
|
Piedmont Healthcare, Inc. Series 2032, 2.04%, 1/1/2032
|
315
|
253
|
|
Texas Health Resources Series 2019, 3.37%, 11/15/2051
|
35
|
25
|
|
UnitedHealth Group, Inc.
|
||
|
3.50%, 8/15/2039
|
160
|
129
|
|
2.75%, 5/15/2040
|
200
|
144
|
|
3.05%, 5/15/2041
|
106
|
78
|
|
2.90%, 5/15/2050
|
116
|
75
|
|
5.05%, 4/15/2053
|
250
|
231
|
|
6.05%, 2/15/2063
|
230
|
241
|
|
|
|
10,579
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Health Care REITs — 1.1%
|
||
|
Ventas Realty LP
|
||
|
4.00%, 3/1/2028
|
90
|
86
|
|
3.00%, 1/15/2030
|
826
|
723
|
|
4.75%, 11/15/2030
|
230
|
219
|
|
5.63%, 7/1/2034
|
660
|
651
|
|
Welltower OP LLC
|
||
|
2.05%, 1/15/2029
|
1,225
|
1,061
|
|
4.13%, 3/15/2029
|
161
|
153
|
|
|
|
2,893
|
|
Hotels, Restaurants & Leisure — 0.3%
|
||
|
Darden Restaurants, Inc. 6.30%, 10/10/2033
|
355
|
365
|
|
McDonald's Corp. 5.45%, 8/14/2053
|
374
|
363
|
|
|
|
728
|
|
Household Durables — 0.4%
|
||
|
MDC Holdings, Inc. 6.00%, 1/15/2043
|
345
|
345
|
|
Mohawk Industries, Inc. 5.85%, 9/18/2028
|
160
|
163
|
|
Toll Brothers Finance Corp.
|
||
|
4.35%, 2/15/2028
|
315
|
303
|
|
3.80%, 11/1/2029
|
197
|
181
|
|
|
|
992
|
|
Independent Power and Renewable Electricity Producers — 0.8%
|
||
|
AES Corp. (The) 5.45%, 6/1/2028
|
718
|
714
|
|
Constellation Energy Generation LLC
|
||
|
5.60%, 6/15/2042
|
172
|
166
|
|
6.50%, 10/1/2053
|
350
|
374
|
|
5.75%, 3/15/2054
|
286
|
277
|
|
Southern Power Co.
|
||
|
5.25%, 7/15/2043
|
205
|
188
|
|
Series F, 4.95%, 12/15/2046
|
389
|
339
|
|
|
|
2,058
|
|
Industrial REITs — 0.2%
|
||
|
Prologis LP 5.13%, 1/15/2034
|
483
|
475
|
|
Insurance — 2.0%
|
||
|
Athene Global Funding 5.62%, 5/8/2026 (a)
|
685
|
684
|
|
Berkshire Hathaway Finance Corp. 3.85%, 3/15/2052
|
200
|
154
|
|
Guardian Life Insurance Co. of America (The) 4.88%, 6/19/2064 (a)
|
98
|
84
|
|
Manulife Financial Corp. (Canada) (USD ICE Swap Rate 5 Year + 1.65%), 4.06%, 2/24/2032 (b)
|
284
|
272
|
|
Met Tower Global Funding 5.25%, 4/12/2029 (a)
|
965
|
964
|
|
Metropolitan Life Global Funding I
|
||
|
5.15%, 3/28/2033 (a)
|
405
|
399
|
|
5.05%, 1/8/2034 (a)
|
325
|
317
|
|
Nationwide Mutual Insurance Co. 4.35%, 4/30/2050 (a)
|
390
|
296
|
|
New York Life Global Funding 1.20%, 8/7/2030 (a)
|
220
|
174
|
|
New York Life Insurance Co. 4.45%, 5/15/2069 (a)
|
123
|
97
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Insurance — continued
|
||
|
Northwestern Mutual Life Insurance Co. (The)
|
||
|
6.06%, 3/30/2040 (a)
|
232
|
240
|
|
3.85%, 9/30/2047 (a)
|
144
|
110
|
|
Pine Street Trust I 4.57%, 2/15/2029 (a)
|
655
|
624
|
|
Prudential Financial, Inc. (US Treasury Yield Curve Rate T Note Constant Maturity
5 Year + 2.40%), 6.50%, 3/15/2054 (b)
|
212
|
213
|
|
Teachers Insurance & Annuity Association of America
|
||
|
6.85%, 12/16/2039 (a)
|
630
|
699
|
|
(3-MONTH SOFR + 2.66%), 4.38%, 9/15/2054 (a) (b)
|
244
|
242
|
|
|
|
5,569
|
|
Interactive Media & Services — 0.2%
|
||
|
Meta Platforms, Inc.
|
||
|
4.45%, 8/15/2052
|
583
|
498
|
|
5.75%, 5/15/2063
|
114
|
116
|
|
|
|
614
|
|
IT Services — 0.1%
|
||
|
IBM International Capital Pte. Ltd. 5.30%, 2/5/2054
|
170
|
159
|
|
Leisure Products — 0.1%
|
||
|
Hasbro, Inc. 6.05%, 5/14/2034
|
340
|
339
|
|
Life Sciences Tools & Services — 0.0% ^
|
||
|
Danaher Corp. 2.80%, 12/10/2051
|
126
|
79
|
|
Machinery — 0.2%
|
||
|
Ingersoll Rand, Inc. 5.31%, 6/15/2031
|
260
|
260
|
|
Otis Worldwide Corp. 2.57%, 2/15/2030
|
388
|
338
|
|
|
|
598
|
|
Media — 2.5%
|
||
|
Charter Communications Operating LLC
|
||
|
6.65%, 2/1/2034
|
285
|
289
|
|
6.55%, 6/1/2034
|
675
|
676
|
|
6.38%, 10/23/2035
|
948
|
925
|
|
3.50%, 6/1/2041
|
757
|
509
|
|
3.50%, 3/1/2042
|
111
|
74
|
|
3.70%, 4/1/2051
|
263
|
161
|
|
Comcast Corp.
|
||
|
5.30%, 6/1/2034
|
365
|
365
|
|
3.20%, 7/15/2036
|
841
|
675
|
|
3.75%, 4/1/2040
|
73
|
59
|
|
2.80%, 1/15/2051
|
386
|
237
|
|
2.89%, 11/1/2051
|
1,140
|
709
|
|
5.35%, 5/15/2053
|
46
|
44
|
|
2.94%, 11/1/2056
|
1,401
|
842
|
|
Cox Communications, Inc. 4.80%, 2/1/2035 (a)
|
126
|
115
|
|
Discovery Communications LLC 3.95%, 3/20/2028
|
438
|
410
|
|
Time Warner Cable LLC
|
||
|
6.55%, 5/1/2037
|
500
|
474
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Media — continued
|
||
|
5.88%, 11/15/2040
|
239
|
207
|
|
4.50%, 9/15/2042
|
67
|
49
|
|
|
|
6,820
|
|
Metals & Mining — 1.6%
|
||
|
Anglo American Capital plc (South Africa) 5.75%, 4/5/2034 (a)
|
230
|
229
|
|
BHP Billiton Finance USA Ltd. (Australia)
|
||
|
5.25%, 9/8/2030
|
325
|
327
|
|
5.25%, 9/8/2033
|
250
|
249
|
|
Corp. Nacional del Cobre de Chile (Chile) 6.44%, 1/26/2036 (a)
|
686
|
698
|
|
Glencore Funding LLC (Australia)
|
||
|
6.38%, 10/6/2030 (a)
|
280
|
291
|
|
5.63%, 4/4/2034 (a)
|
1,225
|
1,204
|
|
5.89%, 4/4/2054 (a)
|
150
|
146
|
|
Kinross Gold Corp. (Canada) 6.25%, 7/15/2033
|
185
|
194
|
|
Newmont Corp.
|
||
|
3.25%, 5/13/2030 (a)
|
441
|
395
|
|
4.20%, 5/13/2050 (a)
|
240
|
193
|
|
Teck Resources Ltd. (Canada) 5.20%, 3/1/2042
|
173
|
154
|
|
Vale Overseas Ltd. (Brazil) 6.13%, 6/12/2033
|
316
|
316
|
|
|
|
4,396
|
|
Multi-Utilities — 2.3%
|
||
|
CenterPoint Energy, Inc. 5.40%, 6/1/2029
|
540
|
540
|
|
Consolidated Edison Co. of New York, Inc. 5.70%, 5/15/2054
|
490
|
487
|
|
Dominion Energy, Inc.
|
||
|
Series C, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.20%),
4.35%, 1/15/2027 (b) (d) (e)
|
450
|
425
|
|
4.70%, 12/1/2044
|
311
|
264
|
|
Series B, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.51%),
7.00%, 6/1/2054 (b)
|
120
|
124
|
|
Series A, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.39%),
6.88%, 2/1/2055 (b)
|
180
|
183
|
|
DTE Energy Co. 5.85%, 6/1/2034
|
460
|
466
|
|
Engie SA (France)
|
||
|
5.25%, 4/10/2029 (a)
|
280
|
278
|
|
5.63%, 4/10/2034 (a)
|
235
|
234
|
|
5.88%, 4/10/2054 (a)
|
250
|
243
|
|
NiSource, Inc.
|
||
|
5.35%, 4/1/2034
|
459
|
449
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.45%), 6.95%, 11/30/2054 (b)
|
275
|
276
|
|
Public Service Enterprise Group, Inc. 5.85%, 11/15/2027
|
364
|
370
|
|
Puget Energy, Inc. 2.38%, 6/15/2028
|
220
|
195
|
|
San Diego Gas & Electric Co.
|
||
|
4.95%, 8/15/2028
|
495
|
494
|
|
5.35%, 4/1/2053
|
304
|
288
|
|
Sempra (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.79%), 6.88%,
10/1/2054 (b)
|
270
|
267
|
|
Southern Co. Gas Capital Corp.
|
||
|
5.75%, 9/15/2033
|
180
|
184
|
|
4.40%, 6/1/2043
|
200
|
164
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Multi-Utilities — continued
|
||
|
3.95%, 10/1/2046
|
151
|
113
|
|
Series 21A, 3.15%, 9/30/2051
|
321
|
203
|
|
|
|
6,247
|
|
Office REITs — 0.1%
|
||
|
COPT Defense Properties LP
|
||
|
2.00%, 1/15/2029
|
63
|
53
|
|
2.75%, 4/15/2031
|
88
|
73
|
|
|
|
126
|
|
Oil, Gas & Consumable Fuels — 10.2%
|
||
|
Aker BP ASA (Norway) 3.10%, 7/15/2031 (a)
|
841
|
712
|
|
Antero Resources Corp. 5.38%, 3/1/2030 (a)
|
585
|
560
|
|
BP Capital Markets America, Inc.
|
||
|
4.99%, 4/10/2034
|
375
|
365
|
|
3.06%, 6/17/2041
|
113
|
82
|
|
BP Capital Markets plc (EUR Swap Annual 5 Year + 3.52%), 3.25%, 3/22/2026 (b) (d) (e) (g)
|
500
|
528
|
|
Buckeye Partners LP 5.60%, 10/15/2044
|
16
|
12
|
|
Cheniere Corpus Christi Holdings LLC 3.70%, 11/15/2029
|
275
|
253
|
|
Cheniere Energy Partners LP
|
||
|
4.50%, 10/1/2029
|
1,395
|
1,326
|
|
5.75%, 8/15/2034 (a)
|
460
|
457
|
|
Cheniere Energy, Inc. 4.63%, 10/15/2028
|
402
|
387
|
|
Chesapeake Energy Corp.
|
||
|
5.88%, 2/1/2029 (a)
|
398
|
391
|
|
6.75%, 4/15/2029 (a)
|
615
|
617
|
|
Columbia Pipelines Holding Co. LLC 6.04%, 8/15/2028 (a)
|
268
|
273
|
|
Columbia Pipelines Operating Co. LLC
|
||
|
5.93%, 8/15/2030 (a)
|
125
|
127
|
|
6.04%, 11/15/2033 (a)
|
486
|
495
|
|
ConocoPhillips Co. 5.70%, 9/15/2063
|
330
|
329
|
|
Continental Resources, Inc. 2.27%, 11/15/2026 (a)
|
176
|
163
|
|
Diamondback Energy, Inc.
|
||
|
6.25%, 3/15/2033
|
225
|
235
|
|
5.40%, 4/18/2034
|
173
|
171
|
|
Enbridge, Inc. (Canada)
|
||
|
5.25%, 4/5/2027
|
920
|
918
|
|
5.30%, 4/5/2029
|
390
|
389
|
|
Series NC5, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.79%),
8.25%, 1/15/2084 (b)
|
475
|
493
|
|
Energy Transfer LP
|
||
|
Series A, (3-MONTH CME TERM SOFR + 4.29%), 9.61%, 6/24/2024 (b) (d) (e)
|
525
|
523
|
|
6.00%, 2/1/2029 (a)
|
1,285
|
1,292
|
|
7.38%, 2/1/2031 (a)
|
210
|
218
|
|
5.80%, 6/15/2038
|
442
|
429
|
|
Eni SpA (Italy)
|
||
|
5.70%, 10/1/2040 (a)
|
195
|
186
|
|
5.95%, 5/15/2054 (a)
|
230
|
227
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Oil, Gas & Consumable Fuels — continued
|
||
|
EnLink Midstream LLC
|
||
|
5.63%, 1/15/2028 (a)
|
130
|
128
|
|
5.38%, 6/1/2029
|
719
|
700
|
|
6.50%, 9/1/2030 (a)
|
200
|
204
|
|
Enterprise Products Operating LLC Series H, 6.65%, 10/15/2034
|
240
|
263
|
|
EQT Corp. 3.13%, 5/15/2026 (a)
|
610
|
580
|
|
Exxon Mobil Corp. 3.00%, 8/16/2039
|
339
|
257
|
|
Flex Intermediate Holdco LLC 3.36%, 6/30/2031 (a)
|
634
|
521
|
|
Gray Oak Pipeline LLC 2.60%, 10/15/2025 (a)
|
480
|
460
|
|
Hess Corp.
|
||
|
6.00%, 1/15/2040
|
175
|
181
|
|
5.60%, 2/15/2041
|
410
|
409
|
|
Hess Midstream Operations LP 5.13%, 6/15/2028 (a)
|
745
|
718
|
|
Kinder Morgan Energy Partners LP
|
||
|
5.00%, 8/15/2042
|
170
|
149
|
|
4.70%, 11/1/2042
|
889
|
748
|
|
Kinder Morgan, Inc. 3.25%, 8/1/2050
|
80
|
51
|
|
Kinetik Holdings LP 5.88%, 6/15/2030 (a)
|
955
|
931
|
|
Marathon Oil Corp.
|
||
|
5.30%, 4/1/2029
|
255
|
256
|
|
5.70%, 4/1/2034
|
610
|
621
|
|
MPLX LP
|
||
|
5.00%, 3/1/2033
|
60
|
57
|
|
5.50%, 6/1/2034
|
580
|
567
|
|
5.65%, 3/1/2053
|
50
|
47
|
|
NGPL PipeCo LLC 4.88%, 8/15/2027 (a)
|
453
|
441
|
|
Northern Natural Gas Co.
|
||
|
3.40%, 10/16/2051 (a)
|
161
|
108
|
|
5.63%, 2/1/2054 (a)
|
65
|
64
|
|
Occidental Petroleum Corp.
|
||
|
3.50%, 8/15/2029
|
1,100
|
992
|
|
6.20%, 3/15/2040
|
134
|
135
|
|
4.63%, 6/15/2045
|
325
|
256
|
|
ONEOK Partners LP 6.20%, 9/15/2043
|
450
|
456
|
|
Ovintiv, Inc. 6.50%, 2/1/2038
|
47
|
48
|
|
Petroleos Mexicanos (Mexico) 6.50%, 3/13/2027
|
315
|
297
|
|
Phillips 66 Co. 3.15%, 12/15/2029
|
726
|
652
|
|
Pioneer Natural Resources Co.
|
||
|
1.90%, 8/15/2030
|
505
|
422
|
|
2.15%, 1/15/2031
|
335
|
281
|
|
Santos Finance Ltd. (Australia)
|
||
|
3.65%, 4/29/2031 (a)
|
507
|
439
|
|
6.88%, 9/19/2033 (a)
|
306
|
320
|
|
Southwestern Energy Co.
|
||
|
5.38%, 2/1/2029
|
54
|
52
|
|
4.75%, 2/1/2032
|
455
|
412
|
|
TotalEnergies Capital International SA (France) 2.99%, 6/29/2041
|
635
|
462
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Oil, Gas & Consumable Fuels — continued
|
||
|
TotalEnergies Capital SA (France)
|
||
|
5.49%, 4/5/2054
|
375
|
371
|
|
5.64%, 4/5/2064
|
260
|
259
|
|
TransCanada PipeLines Ltd. (Canada) 6.10%, 6/1/2040
|
150
|
152
|
|
Transcanada Trust (Canada) Series 16-A, (3-MONTH SOFR + 4.64%), 5.88%, 8/15/2076 (b)
|
250
|
244
|
|
Western Midstream Operating LP 5.25%, 2/1/2050 (f)
|
245
|
213
|
|
Williams Cos., Inc. (The) 5.30%, 8/15/2028
|
715
|
715
|
|
|
|
27,797
|
|
Personal Care Products — 0.0% ^
|
||
|
Kenvue, Inc. 5.20%, 3/22/2063
|
30
|
28
|
|
Pharmaceuticals — 2.0%
|
||
|
Bristol-Myers Squibb Co.
|
||
|
4.90%, 2/22/2029
|
204
|
203
|
|
5.10%, 2/22/2031
|
120
|
120
|
|
5.20%, 2/22/2034
|
330
|
328
|
|
3.70%, 3/15/2052
|
290
|
212
|
|
6.25%, 11/15/2053
|
300
|
323
|
|
5.55%, 2/22/2054
|
416
|
409
|
|
3.90%, 3/15/2062
|
200
|
144
|
|
6.40%, 11/15/2063
|
120
|
131
|
|
5.65%, 2/22/2064
|
400
|
391
|
|
Merck & Co., Inc. 5.15%, 5/17/2063
|
90
|
85
|
|
Pfizer Investment Enterprises Pte. Ltd.
|
||
|
4.75%, 5/19/2033
|
252
|
244
|
|
5.30%, 5/19/2053
|
41
|
39
|
|
5.34%, 5/19/2063
|
1,237
|
1,162
|
|
Roche Holdings, Inc.
|
||
|
5.49%, 11/13/2030 (a)
|
560
|
572
|
|
4.99%, 3/8/2034 (a)
|
200
|
198
|
|
Takeda Pharmaceutical Co. Ltd. (Japan) 3.03%, 7/9/2040
|
235
|
172
|
|
Zoetis, Inc.
|
||
|
2.00%, 5/15/2030
|
782
|
653
|
|
4.70%, 2/1/2043
|
19
|
17
|
|
|
|
5,403
|
|
Residential REITs — 0.3%
|
||
|
Essex Portfolio LP
|
||
|
1.70%, 3/1/2028
|
340
|
297
|
|
2.65%, 3/15/2032
|
117
|
95
|
|
5.50%, 4/1/2034
|
130
|
128
|
|
UDR, Inc. 4.40%, 1/26/2029
|
435
|
417
|
|
|
|
937
|
|
Retail REITs — 0.6%
|
||
|
Kimco Realty OP LLC 6.40%, 3/1/2034
|
450
|
475
|
|
NNN REIT, Inc.
|
||
|
5.60%, 10/15/2033
|
130
|
130
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Retail REITs — continued
|
||
|
5.50%, 6/15/2034
|
130
|
128
|
|
3.00%, 4/15/2052
|
113
|
70
|
|
Realty Income Corp. 3.25%, 1/15/2031
|
370
|
327
|
|
Regency Centers LP
|
||
|
2.95%, 9/15/2029
|
322
|
287
|
|
3.70%, 6/15/2030
|
359
|
328
|
|
|
|
1,745
|
|
Semiconductors & Semiconductor Equipment — 2.1%
|
||
|
Broadcom, Inc.
|
||
|
3.42%, 4/15/2033 (a)
|
1,113
|
951
|
|
3.14%, 11/15/2035 (a)
|
819
|
651
|
|
Intel Corp.
|
||
|
3.25%, 11/15/2049
|
303
|
202
|
|
3.05%, 8/12/2051
|
311
|
197
|
|
KLA Corp. 4.65%, 7/15/2032
|
240
|
233
|
|
Marvell Technology, Inc.
|
||
|
5.75%, 2/15/2029
|
1,430
|
1,455
|
|
2.95%, 4/15/2031
|
58
|
50
|
|
5.95%, 9/15/2033
|
703
|
721
|
|
NXP BV (China)
|
||
|
2.50%, 5/11/2031
|
300
|
249
|
|
2.65%, 2/15/2032
|
704
|
581
|
|
Texas Instruments, Inc. 5.00%, 3/14/2053
|
392
|
366
|
|
Xilinx, Inc. 2.38%, 6/1/2030
|
229
|
197
|
|
|
|
5,853
|
|
Software — 0.8%
|
||
|
Intuit, Inc. 5.20%, 9/15/2033
|
274
|
274
|
|
Microsoft Corp. 2.50%, 9/15/2050 (a)
|
360
|
222
|
|
Oracle Corp.
|
||
|
3.60%, 4/1/2040
|
179
|
138
|
|
4.00%, 11/15/2047
|
141
|
107
|
|
3.60%, 4/1/2050
|
794
|
552
|
|
3.95%, 3/25/2051
|
215
|
158
|
|
4.38%, 5/15/2055
|
200
|
156
|
|
Roper Technologies, Inc. 2.95%, 9/15/2029
|
392
|
350
|
|
VMware LLC 4.70%, 5/15/2030
|
290
|
279
|
|
|
|
2,236
|
|
Specialized REITs — 1.3%
|
||
|
American Tower Corp.
|
||
|
5.20%, 2/15/2029
|
775
|
769
|
|
2.95%, 1/15/2051
|
160
|
99
|
|
Crown Castle, Inc.
|
||
|
3.65%, 9/1/2027
|
421
|
399
|
|
5.00%, 1/11/2028
|
361
|
355
|
|
5.60%, 6/1/2029
|
600
|
604
|
|
3.10%, 11/15/2029
|
184
|
164
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Specialized REITs — continued
|
||
|
Extra Space Storage LP
|
||
|
4.00%, 6/15/2029
|
347
|
325
|
|
5.50%, 7/1/2030
|
398
|
398
|
|
5.90%, 1/15/2031
|
400
|
407
|
|
|
|
3,520
|
|
Specialty Retail — 0.3%
|
||
|
Home Depot, Inc. (The)
|
||
|
3.30%, 4/15/2040
|
130
|
101
|
|
5.40%, 9/15/2040
|
210
|
209
|
|
3.35%, 4/15/2050
|
210
|
148
|
|
2.38%, 3/15/2051
|
189
|
107
|
|
Lowe's Cos., Inc. 2.80%, 9/15/2041
|
200
|
138
|
|
|
|
703
|
|
Technology Hardware, Storage & Peripherals — 0.0% ^
|
||
|
Apple, Inc. 2.80%, 2/8/2061
|
153
|
93
|
|
Tobacco — 1.9%
|
||
|
Altria Group, Inc.
|
||
|
6.88%, 11/1/2033
|
520
|
561
|
|
3.40%, 2/4/2041
|
257
|
184
|
|
BAT Capital Corp. (United Kingdom)
|
||
|
5.83%, 2/20/2031
|
950
|
962
|
|
6.00%, 2/20/2034
|
138
|
139
|
|
4.39%, 8/15/2037
|
300
|
253
|
|
7.08%, 8/2/2043
|
466
|
498
|
|
4.54%, 8/15/2047
|
280
|
218
|
|
Philip Morris International, Inc.
|
||
|
5.13%, 2/13/2031
|
425
|
418
|
|
5.38%, 2/15/2033
|
1,167
|
1,157
|
|
5.25%, 2/13/2034
|
600
|
588
|
|
3.88%, 8/21/2042
|
116
|
91
|
|
|
|
5,069
|
|
Water Utilities — 0.1%
|
||
|
American Water Capital Corp. 5.45%, 3/1/2054
|
364
|
351
|
|
Wireless Telecommunication Services — 1.4%
|
||
|
Rogers Communications, Inc. (Canada) 3.80%, 3/15/2032
|
460
|
408
|
|
T-Mobile USA, Inc.
|
||
|
2.63%, 2/15/2029
|
1,413
|
1,255
|
|
3.38%, 4/15/2029
|
1,318
|
1,206
|
|
3.88%, 4/15/2030
|
620
|
576
|
|
3.50%, 4/15/2031
|
227
|
202
|
|
United States Cellular Corp. 6.70%, 12/15/2033
|
180
|
190
|
|
|
|
3,837
|
|
Total Corporate Bonds
(Cost $255,306)
|
|
249,567
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Loan Assignments — 4.4% (b) (h)
|
||
|
Automobile Components — 0.3%
|
||
|
Adient US LLC, 1st Lien Term Loan B-2 (1-MONTH CME TERM SOFR + 2.75%), 8.08%, 1/31/2031 (i)
|
500
|
504
|
|
Clarios Global LP, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.00%), 8.33%, 5/6/2030 (i)
|
250
|
251
|
|
|
|
755
|
|
Beverages — 0.2%
|
||
|
Triton Water Holdings, Inc., 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 3.25%),
8.81%, 3/31/2028
|
497
|
496
|
|
Broadline Retail — 0.1%
|
||
|
The Go Daddy Group, Inc., 1st Lien Term Loan B-6 (1-MONTH CME TERM SOFR + 2.00%),
7.33%, 11/9/2029
|
421
|
421
|
|
Building Products — 0.3%
|
||
|
AZZ, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.25%), 8.57%, 5/13/2029
|
461
|
464
|
|
Emerson Climate Technologies, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR +
2.50%), 7.83%, 5/31/2030
|
500
|
503
|
|
|
|
967
|
|
Chemicals — 0.2%
|
||
|
Ineos US Finance LLC, 1st Lien Term Loan B (Luxembourg) (1-MONTH CME TERM SOFR + 3.50%),
8.93%, 2/18/2030
|
498
|
499
|
|
Commercial Services & Supplies — 0.1%
|
||
|
Madison IAQ LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.25%), 8.69%, 6/21/2028
|
249
|
250
|
|
Construction & Engineering — 0.1%
|
||
|
Osmose Holdings, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.25%), 8.69%,
6/23/2028
|
249
|
248
|
|
Financial Services — 0.4%
|
||
|
GTCR W Merger Sub LLC, 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 3.00%), 8.31%,
1/31/2031
|
500
|
501
|
|
NorthRiver Midstream, 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 2.50%), 7.80%,
8/16/2030
|
500
|
501
|
|
|
|
1,002
|
|
Ground Transportation — 0.2%
|
||
|
Genesee & Wyoming, Inc., 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 2.25%), 7.30%,
4/10/2031 (i)
|
500
|
501
|
|
Health Care Providers & Services — 0.1%
|
||
|
Parexel International Corp., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.25%), 8.69%,
11/15/2028
|
249
|
251
|
|
Hotels, Restaurants & Leisure — 0.1%
|
||
|
Whataburger, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.75%), 8.07%, 8/3/2028
|
249
|
250
|
|
Household Durables — 0.1%
|
||
|
KDC US Holdings, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 5.00%), 10.32%,
8/15/2028
|
249
|
250
|
|
Insurance — 0.1%
|
||
|
Hub International Ltd., 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 3.25%), 8.57%,
6/20/2030
|
250
|
252
|
|
Machinery — 0.2%
|
||
|
CPM Holdings, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 4.50%), 9.81%, 9/28/2028
|
499
|
499
|
|
Oil, Gas & Consumable Fuels — 0.3%
|
||
|
Buckeye Partners, 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 2.00%), 2.50%, 11/22/2030
|
499
|
500
|
|
EPIC Crude Services LP, 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 5.00%), 10.61%,
3/2/2026
|
495
|
496
|
|
|
|
996
|
|
Passenger Airlines — 0.2%
|
||
|
AAdvantage Loyality IP Ltd., 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 4.75%),
10.34%, 4/20/2028
|
445
|
461
|
|
Pharmaceuticals — 0.2%
|
||
|
Elanco Animal Health, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 1.75%),
7.16%, 8/1/2027
|
497
|
496
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Loan Assignments — continued
|
||
|
Professional Services — 0.5%
|
||
|
Brookfield WEC Holdings Inc., 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 3.00%),
8.08%, 1/27/2031
|
500
|
502
|
|
Creative Artists Agency LLC, 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 3.25%),
8.58%, 11/27/2028
|
498
|
500
|
|
KBR, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.25%), 7.58%, 1/17/2031
|
500
|
503
|
|
|
|
1,505
|
|
Semiconductors & Semiconductor Equipment — 0.4%
|
||
|
Brooks Automation, 1st Lien Term Loan B (12-MONTH CME TERM SOFR + 3.10%), 7.95%, 2/1/2029
|
149
|
150
|
|
Entegris, Inc., 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 1.75%), 7.06%, 7/6/2029
|
500
|
502
|
|
Vertiv Group Corp., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.50%), 7.93%, 3/2/2027
|
499
|
500
|
|
|
|
1,152
|
|
Software — 0.1%
|
||
|
Ultimate Software Group, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.50%), 8.82%,
2/10/2031
|
250
|
252
|
|
Specialty Retail — 0.2%
|
||
|
PetSmart LLC, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.75%), 9.18%, 2/11/2028
|
497
|
495
|
|
Total Loan Assignments
(Cost $11,973)
|
|
11,998
|
|
Asset-Backed Securities — 0.4%
|
||
|
Air Canada Pass-Through Trust (Canada)
|
|
|
|
Series 2020-2, Class B, 9.00%, 10/1/2025 (a)
|
98
|
99
|
|
Series 2015-1, Class A, 3.60%, 3/15/2027 (a)
|
90
|
85
|
|
American Airlines Pass-Through Trust
|
|
|
|
Series 2015-1, Class A, 3.38%, 5/1/2027
|
148
|
139
|
|
Series 2016-1, Class A, 4.10%, 1/15/2028
|
247
|
231
|
|
Series 2021-1, Class B, 3.95%, 7/11/2030
|
60
|
55
|
|
JetBlue Pass-Through Trust
|
|
|
|
Series 2019-1, Class B, 8.00%, 11/15/2027
|
256
|
261
|
|
Series 2019-1, Class AA, 2.75%, 5/15/2032
|
127
|
108
|
|
United Airlines Pass-Through Trust Series 2013-1, Class A, 4.30%, 8/15/2025
|
166
|
163
|
|
Total Asset-Backed Securities
(Cost $1,185)
|
|
1,141
|
|
Municipal Bonds — 0.1% (j)
|
||
|
Colorado — 0.1%
|
||
|
Colorado Health Facilities Authority, Sanford Health Series 2019B, Rev., 3.80%, 11/1/2044
(Cost $326)
|
320
|
252
|
|
U.S. Treasury Obligations — 0.0% ^
|
||
|
U.S. Treasury Bonds
3.63%, 5/15/2053 (Cost $91)
|
105
|
88
|
|
|
SHARES
(000)
|
|
|
Short-Term Investments — 3.0%
|
||
|
Investment Companies — 2.6%
|
||
|
JPMorgan Prime Money Market Fund Class Institutional Shares, 5.31% (k) (l)
(Cost $7,095)
|
7,093
|
7,094
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
U.S. Treasury Obligations — 0.4%
|
||
|
U.S. Treasury Bills, 5.31%, 6/13/2024 (m) (n)
(Cost $1,207)
|
1,209
|
1,207
|
|
Total Short-Term Investments
(Cost $8,302)
|
|
8,301
|
|
Total Investments — 99.3%
(Cost $277,183)
|
|
271,347
|
|
Other Assets Less Liabilities — 0.7%
|
|
1,822
|
|
NET ASSETS — 100.0%
|
|
273,169
|
|
Percentages indicated are based on net assets.
|
|
Abbreviations
|
|
|
CME
|
Chicago Mercantile Exchange
|
|
ICE
|
Intercontinental Exchange
|
|
REIT
|
Real Estate Investment Trust
|
|
Rev.
|
Revenue
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
SOFRINDX
|
Compounding index of the Secured Overnight Financing Rate
|
|
USD
|
United States Dollar
|
|
^
|
Amount rounds to less than 0.1% of net assets.
|
|
|
(a)
|
Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities
Act of 1933, as amended.
|
|
|
(b)
|
Variable or floating rate security, linked to the referenced benchmark. The interest
rate shown is the current rate as of May 31, 2024.
|
|
|
(c)
|
Contingent Capital security (“CoCo”). CoCos are hybrid debt securities that may be convertible into equity or may be written down if a
pre-specified trigger event occurs. The total value of aggregate CoCo holdings at May 31, 2024 is $3,199 or 1.17% of the Fund’s net assets
as of May 31, 2024.
|
|
|
(d)
|
Security is an interest bearing note with preferred security characteristics.
|
|
|
(e)
|
Security is perpetual and thus, does not have a predetermined maturity date. The coupon
rate for this security is fixed for a period of time
and may be structured to adjust thereafter. The date shown, if applicable, reflects
the next call date. The coupon rate shown is the rate in
effect as of May 31, 2024.
|
|
|
(f)
|
Step bond. Interest rate is a fixed rate for an initial period that either resets
at a specific date or may reset in the future contingent upon a
predetermined trigger. The interest rate shown is the current rate as of May 31, 2024.
|
|
|
(g)
|
Security exempt from registration pursuant to Regulation S under the Securities Act
of 1933, as amended. Regulation S applies to securities
offerings that are made outside of the United States and do not involve direct selling
efforts in the United States and as such may have
restrictions on resale.
|
|
|
(h)
|
Loan assignments are presented by obligor. Each series or loan tranche underlying
each obligor may have varying terms.
|
|
|
(i)
|
All or a portion of this security is unsettled as of May 31, 2024. Unless otherwise
indicated, the coupon rate is undetermined. The coupon
rate shown may not be accrued for the entire position.
|
|
|
(j)
|
The date shown represents the earliest of the prerefunded date, next put date or final
maturity date.
|
|
|
(k)
|
Investment in an affiliated fund, which is registered under the Investment Company
Act of 1940, as amended, and is advised by J.P. Morgan
Investment Management Inc.
|
|
|
(l)
|
The rate shown is the current yield as of May 31, 2024.
|
|
|
(m)
|
The rate shown is the effective yield as of May 31, 2024.
|
|
|
(n)
|
All or a portion of this security is deposited with the broker as initial margin for
futures contracts.
|
|
|
DESCRIPTION
|
NUMBER OF
CONTRACTS
|
EXPIRATION DATE
|
TRADING CURRENCY
|
NOTIONAL
AMOUNT ($)
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
|
|
Long Contracts
|
|
|
|
|
|
|
Euro-Bobl
|
67
|
06/06/2024
|
EUR
|
8,429
|
(66
)
|
|
Euro-BTP
|
132
|
06/06/2024
|
EUR
|
15,222
|
(93
)
|
|
Australia 3 Year Bond
|
6
|
06/17/2024
|
AUD
|
421
|
(2
)
|
|
U.S. Treasury 10 Year Note
|
15
|
09/19/2024
|
USD
|
1,635
|
2
|
|
U.S. Treasury Long Bond
|
127
|
09/19/2024
|
USD
|
14,796
|
(28
)
|
|
U.S. Treasury Ultra Bond
|
117
|
09/19/2024
|
USD
|
14,365
|
(180
)
|
|
Long Gilt
|
32
|
09/26/2024
|
GBP
|
3,928
|
(37
)
|
|
U.S. Treasury 2 Year Note
|
94
|
09/30/2024
|
USD
|
19,158
|
15
|
|
|
|
|
|
|
(389
)
|
|
Short Contracts
|
|
|
|
|
|
|
Euro-Buxl 30 Year Bond
|
(15
)
|
06/06/2024
|
EUR
|
(2,056
)
|
63
|
|
Euro-Schatz
|
(339
)
|
06/06/2024
|
EUR
|
(38,608
)
|
191
|
|
Australia 10 Year Bond
|
(3
)
|
06/17/2024
|
AUD
|
(225
)
|
2
|
|
U.S. Treasury 10 Year Note
|
(2
)
|
09/19/2024
|
USD
|
(218
)
|
—
(a)
|
|
U.S. Treasury 10 Year Ultra Note
|
(186
)
|
09/19/2024
|
USD
|
(20,887
)
|
2
|
|
U.S. Treasury 5 Year Note
|
(105
)
|
09/30/2024
|
USD
|
(11,125
)
|
(17
)
|
|
|
|
|
|
|
241
|
|
|
|
|
|
|
(148
)
|
|
Abbreviations
|
|
|
AUD
|
Australian Dollar
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
USD
|
United States Dollar
|
|
(a)
|
Amount rounds to less than one thousand.
|
|
CURRENCY
PURCHASED
|
CURRENCY
SOLD
|
COUNTERPARTY
|
SETTLEMENT
DATE
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
|
||
|
AUD
|
234
|
USD
|
151
|
State Street Corp.
|
6/5/2024
|
5
|
|
EUR
|
2,181
|
USD
|
2,358
|
Morgan Stanley
|
6/5/2024
|
7
|
|
EUR
|
40
|
USD
|
43
|
Royal Bank of Canada
|
6/5/2024
|
1
|
|
GBP
|
65
|
USD
|
83
|
HSBC Bank, NA
|
6/5/2024
|
—
(a)
|
|
GBP
|
300
|
USD
|
377
|
Merrill Lynch International
|
6/5/2024
|
6
|
|
GBP
|
54
|
USD
|
69
|
Morgan Stanley
|
6/5/2024
|
—
(a)
|
|
GBP
|
40
|
USD
|
50
|
Standard Chartered Bank
|
6/5/2024
|
2
|
|
Total unrealized appreciation
|
21
|
|||||
|
USD
|
153
|
AUD
|
234
|
Citibank, NA
|
6/5/2024
|
(3
)
|
|
USD
|
2,384
|
EUR
|
2,221
|
Goldman Sachs International
|
6/5/2024
|
(25
)
|
|
USD
|
511
|
GBP
|
407
|
HSBC Bank, NA
|
6/5/2024
|
(8
)
|
|
USD
|
66
|
GBP
|
53
|
Standard Chartered Bank
|
6/5/2024
|
(1
)
|
|
USD
|
2,361
|
EUR
|
2,181
|
Morgan Stanley
|
7/3/2024
|
(8
)
|
|
USD
|
50
|
GBP
|
40
|
BNP Paribas
|
7/3/2024
|
—
(a)
|
|
USD
|
83
|
GBP
|
65
|
HSBC Bank, NA
|
7/3/2024
|
—
(a)
|
|
USD
|
37
|
GBP
|
29
|
State Street Corp.
|
7/3/2024
|
—
(a)
|
|
Total unrealized depreciation
|
(45
)
|
|||||
|
Net unrealized depreciation
|
(24
)
|
|||||
|
Abbreviations
|
|
|
AUD
|
Australian Dollar
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
USD
|
United States Dollar
|
|
(a)
|
Amount rounds to less than one thousand.
|
|
|
|
|
|
|
|
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
|
Investments in Securities
|
|
|
|
|
|
Asset-Backed Securities
|
$—
|
$1,141
|
$—
|
$1,141
|
|
Corporate Bonds
|
—
|
249,567
|
—
|
249,567
|
|
Loan Assignments
|
—
|
11,998
|
—
|
11,998
|
|
Municipal Bonds
|
—
|
252
|
—
|
252
|
|
|
|
|
|
|
|
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
|
U.S. Treasury Obligations
|
$—
|
$88
|
$—
|
$88
|
|
Short-Term Investments
|
|
|
|
|
|
Investment Companies
|
7,094
|
—
|
—
|
7,094
|
|
U.S. Treasury Obligations
|
—
|
1,207
|
—
|
1,207
|
|
Total Short-Term Investments
|
7,094
|
1,207
|
—
|
8,301
|
|
Total Investments in Securities
|
$7,094
|
$264,253
|
$—
|
$271,347
|
|
Appreciation in Other Financial Instruments
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
$—
|
$21
|
$—
|
$21
|
|
Futures Contracts
|
273
|
2
|
—
|
275
|
|
Depreciation in Other Financial Instruments
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
—
|
(45
)
|
—
|
(45
)
|
|
Futures Contracts
|
(421
)
|
(2
)
|
—
|
(423
)
|
|
Total Net Appreciation/ Depreciation in Other
Financial Instruments
|
$(148
)
|
$(24
)
|
$—
|
$(172
)
|
|
|
|||||||||
|
For the period ended May 31, 2024
|
|||||||||
|
Security Description
|
Value at
February 29,
2024
|
Purchases at
Cost
|
Proceeds from
Sales
|
Net Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation/
(Depreciation)
|
Value at
May 31,
2024
|
Shares at
May 31,
2024
|
Dividend
Income
|
Capital Gain
Distributions
|
|
JPMorgan Prime Money Market Fund
Class Institutional Shares, 5.31% (a) (b)
|
$13,092
|
$47,067
|
$53,061
|
$(4
)
|
$—
(c)
|
$7,094
|
7,093
|
$194
|
$—
|
|
|
|
|
(a)
|
Investment in an affiliated fund, which is registered under the Investment Company
Act of 1940, as amended, and is advised by J.P. Morgan
Investment Management Inc.
|
|
(b)
|
The rate shown is the current yield as of May 31, 2024.
|
|
(c)
|
Amount rounds to less than one thousand.
|